Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


Working Paper Series

The Working Paper series publishes original research related to IREF’s mission.
Every article also provides a non-technical Executive Summary.

The collateral effects of political integration on credit growth in the new member states of the EU
Andreas Hoffmann

We are excited to report that the IREF paper "The collateral effects of political integration on credit growth in the new member states of the EU" by Andreas Hoffmann has been recently published in Economic Systems.
Abstract
Since 2009, low interest rates have been associated with (...)

Call for research proposals

IREF is happy to support research papers in public finance (taxation, gov’t expenditure, public debt), federalism, (de)regulation, competition policy, trade, capital movements, money and monetary policy, EU policy making, pension systems, innovation and entrepreneurship. The emphasis is on (...)

Efficiency and productivity of tax courts
by Roberto Ippoliti and Giovanni B. Ramello

The key requirement for economic prosperity is the rule of law. In turn, a critical component of the rule of law is an effective judicial system, which is also responsible for the enforcement of contracts and for settling disputes in the presence of unexpected contingencies.
Roberto Ippoliti (...)

Tax policies in Poland, Slovakia, and Bulgaria: sitting on a ticking bomb or catching up with the West?

After the end of communism, the countries of Central and Eastern Europe shared very similar challenges. Despite the different patterns of transition, the dominant model of “catching up with the West” included the adoption of western legal and institutional standards. In economic terms, this meant (...)

The confluence of ideas and interests in the process of rent destruction: the case of UK tax policy 1979-1997

Most of the literature on rent-seeking and the size of government expenditure has focused on the mechanisms through which policy-makers gather the necessary majorities to justify and expand the role of the state, and thus increase tax pressure.
By contrast, the authors of this paper examine (...)

Tax evasion, intrinsic motivation, and the evolutionary effect of a flat rate

Executive Summary
The traditional literature on tax evasion frames taxpayers’ choices in terms of rather basic cost-benefit analyses involving the expected monetary return to tax evasion. Briefly put, individuals take action by considering the probability of being caught and the sanctions (...)

Why Do Low Interest Rates Not Fuel Credit Growth in the New Member States of the EU?

WP 2015-02 Why Do Low Interest Rates Not Fuel Credit Growth in the New Member States of the EU? by • Andreas Hoffmann

The ZIRP Trap - why low interest rates are a tax on recovery

WP 2015-02 The ZIRP Trap - why low interest rates are a tax on recovery by • Philipp Bagus

The Effect of Tax progressivity on the quality of entrepreneurship

WP 2015-01 The Effect of Tax progressivity on the quality of entrepreneurship by • Mina Baliamoune-Lutz • Pierre Garello

The Case for Systemic Banking Reform

WP 2014-01 The Case for Systemic Banking Reform by • Gordon Kerr

The effects of fiscal decentralization on working hours: does it matter which government level taxes and spends?

WP 2013-07 The effects of fiscal decentralization on working hours: Does it matter which government level taxes and spends? by • Alexander Fink

A comparative study of training in the private and public sectors: Evidence from the UK and the USA

WP 2013-06 A comparative study of training in the private and public sectors: Evidence from the UK and the USA by • Fabio Méndez • Facundo Sepúlveda

Legitimacy and The Cost of Government

WP 2013-05 Legitimacy and The Cost of Government by • Niclas Berggren • Christian Bjørnskov • David Lipka

Projecting State Pensions

WP 2013-04 Projecting State Pensions by • Kevin Dowd

Effects of taxation on European multi-nationals’ financing and profits

WP 2013-03 Effects of taxation on European multi-nationals’ financing and profits by • Stefan Lutz

The Welfare State and The Individual Responsibility

WP2013-01 Individual Responsibility and Social Preferences for Redistribution: An Experimental Study by • Sergio Beraldo • Massimiliano Piacenza • Gilberto Turati

Identifying the Determinants of Judicial Performance: Taxpayers’ Money Well Spent?

WP 2013-02 Identifying the Determinants of Judicial Performance: Taxpayers’ Money Well Spent? by • Stefan Voigt • Nora El-Bialy

When the Lights Go Out: Europe in an Age of Austerity

WP 2012-03 When the Lights Go Out: Europe in an Age of Austerity by • Vani K. Borooah

Fiscal Decentralization in Weak Institutional Environments: Evidence from Southern Italy

WP 2012-02 Fiscal Decentralization in Weak Institutional Environments: Evidence from Southern Italy by • Sergio Beraldo • Massimiliano Piacenza • Gilberto Turati

Fiscal Rules vs. Political Culture as Determinants of Soft Budget Spending Behaviors

WP 2012-01 Fiscal Rules vs. Political Culture as Determinants of Soft Budget Spending Behaviors by • Jean-Michel Josselin • Fabio Padovano • Yvon Rocaboy

Tax Structure and Entrepreneurship

WP 2011-01 Tax Structure and Entrepreneurship by • Mina Baliamoune-Lutz • Pierre Garello

A comprehensive test of yardstick competition exploiting an italian natural experiment

Do fiscal decisions of incumbent mayors affect their probability of being re-elected? Do they consider the fiscal decisions of the neighboring mayors when they face an election? And do these strategic interactions remain stable over time, or do voters become more/less alert of, and incumbent (...)

The Past and Future of Biofuels

The global use of modern biofuels for transport is relatively recent and underwent rapid growth since the turn of this century. However, its performances in economic, energetic and environmental terms have recently been seriously questioned. Large-scale production of this renewable energy seems (...)

Database on Tax Competition on Italian Municipalities

Fiscal strategic interaction is a recurrent topic of recent economic literature. This short paper describes a database created as an instrument to analyze such interactions between Italian municipalities in local tax rate setting. The focus is on ICI tax rate (ICI = Imposta Comunale sugli (...)

European Tax: Good or Bad?

Super Size It? A Rationale Against Feeding the Leviathan - Julia Toser
The threat of fiscal harmonization - Massimiliano Trovato

"Taxing wealth - what for?"

"An Economic Rationale for the Net Wealth Tax - Does It Exist?"- Jan Schnellenbach
"Taxonomy of Wealth Taxes" - Philipp Bagus
"Because that’s where the money is!" - Daniel Pellerin

Tax and Justice

Taxation and Justice : A classical Liberal Perspective - Petra Orogvanyiova
From taxation to Justice - Pierre Bessard
Taxation and Justice - Daniel Pellerin

Public Debt, Public Spending & Economic Growth

Public Spending and Growth by Patrick Minford and Jiang Wang
L’endettement de l’Etat: stratégie de croissance ou myopie insouciante ? - Pierre Garello, Vesselina Spassova (french and english versions available)

Taxation and Economic Growth

Taxation and Economic Growth: Reconciling Intuition and Theory - Dalibor Rohá?
Taxation, Individual Incentives and Economic Growth - Alex Robson

An Economic Rationale for the Net Wealth Tax - Does It Exist?

Abstract: This paper surveys possible motivations having a net wealth tax. After giving a short overview over the state of wealth taxation in OECD countries, we discuss both popular arguments for such a tax, as well as economic arguments. It is argued that classical normative principles of (...)

Because that’s where the money is !

Abstract : When serial bank robber Willie Sutton was apprehended at last, someone asked him why he had robbed so many banks: “Because that’s where the money is,” Sutton famously replied. The idea of taxing wealth, whatever its merits, seems to suggest itself as naturally. One may well doubt (...)

Taxonomy of Wealth Taxes

Abstract: Wealth taxes are portrayed as being fair, and a rather painless way to increase funding for strapped government programs. So then, why should we consider wealth taxes? To what extent are these taxes a matter of justice and to what extent are these taxes a matter of economics? Are (...)

Understanding the mechanisms of taxation and public transfers which prevail in our contemporary economies

The model presented in the paper leads us to predict that the level of redistribution will be all the more important where the jurisdictions have been able to shelter themselves from tax competition and have suppress any possibility for an individual or a group of individuals to (...)

Aaron Director’s Law of Public Income Redistribution: A Reappraisal through the Median Voter Model

The median-voter hypothesis has been central to an extensive literature on the relationship between income inequality and public income redistribution. Knowing that the real-world market income distributions are skewed to the right, a majority of individuals earns an income that is strictly (...)

Still a Director’s Law? On the Political Economy of Income Redistribution

By drawing on the median voter model, George Stigler (1970) provided a theoretical basis for the alleged empirical regularity found by Aaron Director that income redistribution runs from the poor and the rich to the middle classes. The median voter model is however only applicable to describe (...)

Tax Compliance as the Result of a Psychological Tax Contract: The Role of Incentives and Responsive Regulation

A psychological tax contract goes beyond the traditional deterrence model and explains tax morale as a complicated interaction between taxpayers and the government. As a contractual relationship implies duties and rights for each contract party, tax compliance is increased by sticking to the (...)

Index of Fiscal Decentraliation

Debates on the future of uropean integration usually centre on "what o do next?" Deepening or widening? Or both. The idea that perhaps we have gone far enough is not often explored. One area where it is almost taken for granted that "Europe must progress" is in taxation. Ever since the (...)

The Dynamics of Fiscal Federalism

Abstract : Just as it would be misleading to say that western economies are freemarket economies, it would be far from the truth to say that this region of the world is one in which intense tax competition is taking place. This state of affairs mirrors the opinion prevailing among national as (...)

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